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- QX Resources (QXR) restarts reverse circulation (RC) drilling at its wholly-owned Turner River lithium project in Western Australia
- The company begins 1500-metre follow-up RC drill program, aiming to extend the areas of known mineralisation over an increased strike length
- QXR completed a 1200-metre maiden RC drill program in late-2022 that showed “encouraging” signs of potential lithium-bearing pegmatites
- The company anticipates assays from its first phase of the program in mid-February and assays from the follow-up phase six weeks after the program is finished
- QXR shares are up 4.65 per cent, trading at 4.5 cents at 12:46 pm AEDT
QX Resources (QXR) has restarted reverse circulation (RC) drilling at its wholly-owned Turner River lithium project in Western Australia.
The company has kicked off a 1500-metre follow-up RC drilling program, aiming to extend the areas of known mineralisation over an increased strike length.
QXR completed a 1200-metre maiden RC drill program at Turner River in late-2022, which revealed “encouraging” signs of potential lithium-bearing pegmatites in drill pads and drill chips.
Previous high-grade rock chip samples indicated results of 1.6 per cent, 1.1 per cent, and 4.9 per cent lithium oxide across different samples.
Drilling in 2022 focused on lithium mica and spodumene-bearing pegmatites, or a new style of large tonnage hard rock lithium deposit hosted near the top of a large granite body rich in lithium micas.
The company said it expected assays from its first phase of the program to be returned in the middle of February. Assays from the current follow-up program are expected around six weeks following the conclusion of the program.
Turner River lies 15 kilometres south-east of Mineral Resources’ (MIN) Wodgina lithium mine in the Pilbara lithium province in Western Australia.
QXR shares were up 4.65 per cent and trading at 4.5 cents at 12:46 pm AEDT.
